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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Wednesday newspaper round-up: Darktrace, Twitter, EnQuest

(Sharecast News) - It is an award-winning pioneer in the fast-growing cybersecurity industry, boasting veterans of the spy community and the British political establishment on its payroll. It is also the subject of admiring glances from a deep-pocketed US private equity house pondering a takeover that could lead to payouts worth £200m for its management team. But there are clouds hanging over Darktrace, in the shape of analysts' criticism of its business model and concerns about its workplace culture, not to mention an escalating legal battle over a multi-billion pound fraud. - Guardian

A trial over Elon Musk's bid to end his $44bn deal for Twitter should be delayed by several weeks to allow him to investigate a whistleblower's claims about security on the social media platform, Musk's lawyer told a judge on Tuesday. "Doesn't justice demand a few weeks to look into this?" said Musk's lawyer, Alex Spiro, at a hearing in Wilmington, Delaware. - Guardian

Russia is hunting for Western semiconductors built by the Chinese-backed owner of Welsh factory Newport Wafer Fab as it seeks to restock critical high-tech components for its war machine. Ukrainian intelligence has warned Vladimir Putin's regime is desperately seeking chip technology built by European and American companies, Politico reported. - Telegraph

Workers will suffer a real-terms fall of £2,000 in the value of their wages by the end of this year and energy prices could hit nearly £7,000 in 2023 without government intervention, PwC has warned. In its latest economic outlook, the Big Four professional services group has predicted that the economy will tip into recession this year as people face a double hit to their incomes from higher inflation and rapidly rising energy bills. - The Times

Rising profits prompted an outbreak of profit-taking at EnQuest after the North Sea's largest independent operator was boosted by higher oil prices and increased production. EnQuest, an oil and gas producer focused on the North Sea and Malaysia, said its pre-tax profits in the six months to the end of June had more than trebled to $182.6 million from $49.1 million in the previous year. The average oil price per barrel in the period was $89.90, compared with $62.80 in the first half of last year. - The Times

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Monday newspaper round-up: Job vacancies, Mike Ashley, John Lewis Partnership
(Sharecast News) - Rachel Reeves plans to end the UK's "fractious" post-Brexit accord with the EU, a relationship she said had been defined by "division and chaos", by promising closer ties in the first speech by a UK chancellor to eurozone finance ministers since 2020. Reeves will say she wants to adopt a "business-like" approach through an "economic reset" with the EU, offering the goal of driving up trade and growth. - Guardian
Sunday newspaper round-up: Al-Assad, Argentina, Aviva
(Sharecast News) - Syrian President Bashar al-Assad's regime appeared to collapse on Sunday morning, after rebels entered the capital Damascus. Assad's whereabouts are not clear but Moscow or Tehran are possibilities. One source told Reuters that Assad's plane disappeared off the radar when it was headed towards the country's coastal region. It made an abrupt turn before vanishing from the map. The pilot may have turned off the transponder but it's more likely that it was shot down. - Sunday Times
Friday newspaper round-up: Boeing, Boohoo, nuclear power stations
(Sharecast News) - Ten years ago, marketing executives at Britain's biggest supermarket had a brainwave: might slashing the price of basic vegetables tempt shoppers to do their Christmas shop with them? Tesco, under chief executive Dave Lewis, was trying to revive a business reeling after falling sales, five profit warnings and an accounting scandal. That promotion in December 2014, dubbed its Festive Five, offered bags of carrots, potatoes, brussels sprouts, parsnips and a cauliflower for 49p each. - Guardian
Thursday newspaper round-up: Airbus, Boohoo, Home Reit
(Sharecast News) - Ministers are considering renationalising British Steel in a last-ditch attempt to save thousands of jobs, amid a standoff between the government and the company's Chinese owners over a £1bn investment. Jonathan Reynolds, the business secretary, is locked in talks with British Steel and its owner, Jingye, to agree how much each party should put into a rescue plan for its main Scunthorpe site. - Guardian

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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